SEOUL, March 17 (Korea Bizwire) — Nearly 30 people, including the chief of the local unit of U.S. ride-booking app creator Uber Technologies Inc., have been booked on suspicion of operating illegal taxi services in South Korea, police said Tuesday. The 32-year-old head of Uber Korea, identified only by his last name Kang, another company [...]
SEOUL, March 17 (Korea Bizwire) — North Korea is believed to be linked to a series of recent leaks of data on South Korea’s nuclear power plants, investigators said Tuesday. In December, an unidentified hacker, claiming to be an activist against nuclear power, had posted data about nuclear power plants, including their blueprints, five times [...]
SEOUL, March 17 (Korea Bizwire) – Kia Motors, South Korea’s second-largest carmaker, said Tuesday that its cumulative domestic sales of passenger cars have exceeded 5 million units, a milestone achieved in more than four decades since its first passenger car hit showrooms here. Kia Motors, a smaller affiliate of market leader Hyundai Motor, said the [...]
SEOUL, March 17 (Korea Bizwire) — South Korean companies’ earnings for 2014 dropped sharply on weak domestic demand and the strong local currency, but their bottom lines were found to have actually improved when tech giant Samsung Electronics and oil refiners were excluded from calculations, data showed on Tuesday. According to the data compiled by [...]
SEOUL, March 17 (Korea Bizwire) — Almost one out of two Chinese tourists to South Korea visited the southern resort island of Jeju in 2014 thanks to the accommodative visa policy and expansion of direct flights and cheap cruise packages, the state tourism agency said Tuesday. A total of 6.12 million Chinese traveled to South Korea [...]
WASHINGTON, March 16 (Korea Bizwire) — The U.S. State Department revised a map of Korea on its website Monday to include a reference to South Korea’s easternmost islets of Dokdo. The islets, which Japan has long claimed, had not been marked in the Korea map in the website’s U.S. Passports and International Travel section, while [...]
SEOUL, March 16 (Korea Bizwire) – Foreign direct investment (FDI) by Korean pharmaceutical firms was three times greater in 2014 compared to the previous year. According to a report from the Korea Health Industry Development Institute (KHIDI), which analyzed Korean pharmaceutical industry FDI trends, local drug makers reported a record US$154.9 million in FDI last year, [...]
SEOUL, March 16 (Korea Bizwire) – Following an amendment to existing laws, apartment constructors will now be obliged to provide exclusive air ventilation systems for each household in new building complexes, to prevent the backward flow of smells from neighbors. Currently, as all households share the same ventilation system, civil complaints are often raised between [...]
SEOUL, March 16 (Korea Bizwire) – When you fill up your car at a gas station, you can easily smell the gasoline. However, the smell of the oil mist includes toxic materials, and they can severely damage the air quality in the surrounding neighborhood. To reduce air pollution resulting from daily activities such as filling [...]
SEOUL, March 16 (Korea Bizwire) — Lotte Group‘s construction of the 123-story Lotte World Tower is nearing completion, as the building reached its 100th floor on March 14. There are currently 20,000 regularly employed personnel and 4 million workers per year building the massive project, which requires high precision engineering. Here are some interesting facts about [...]